Twitter could now be worth $11 billion, according to Greencrest Capital, an analyst firm studying the private market. The firm also notes that Twitter could go public in 2014.
The social company growing and changing over 2012, giving hints that the initial public offering is on executive minds, says Greencrest. As Forbes notes, these changes include shaking up the corporate level with a new chief financial officer, chief operating officer, and vice president of design.
Greencrest otherwise determined the new valuation of $11 billion by studying the secondary markets. These markets are “a rumor rich and special share class soup,” said Max Wolff, analyst at Greencrest, according to Forbes. But, with a little work, they otherwise can give a look into how much a company is worth. Most recently, Twitter had been valued at $9 billion, fluctuating after Facebook’s IPO.
It’s understandable, however, if Twitter wanted to hold off and see how the 2013 tech IPO market fares. This year, Facebook and Zynga both made it to Wall Street, but floundered once there. Zynga dropped five percent on opening day due to concerns about the new market of “social gaming.” Facebook also declined in months following due to concerns regarding the way it handled its IPO.
Notetaking service Evernote’s chief executive Phil Libin is also holding back on an initial public offering. The company recently raised $85 million and plans to IPO, but “it’s not a pleasant experience right now to be a public company,” said Libin in an interview with VentureBeat at the time. He went on to say that there’s an “incompatibility between public markets now and tech.”
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